Nitori Holdings reports declines in H1 revenue and profit

Nitori Holdings reported consolidated revenue of JPY 439,111 million for the second quarter (interim) of the fiscal year ending March 2026, a 1.8% decrease year-over-year. Operating profit also saw a decline, reaching JPY 59,859 million, down 6.9% from the previous year. Profit attributable to owners of the parent decreased by 8.1% to JPY 41,741 million, with diluted earnings per share at JPY 73.87.

Despite the declines, total assets remained substantial at JPY 1,513,987 million as of September 30, 2025. This represents a JPY 15,433 million decrease from the end of the previous fiscal year, primarily due to a JPY 25,029 million reduction in trade and other receivables. Equity attributable to owners of the parent stood at JPY 940,436 million, an increase of JPY 34,708 million from the prior fiscal year-end, driven by a rise in retained earnings.

Nitori Holdings also announced a stock split effective October 1, 2025, where each common share was divided into five shares. The interim dividend per share for the fiscal year ending March 2026 is JPY 77.00, and the full-year forecast for basic earnings per share is JPY 166.35, reflecting the impact of the stock split.